Radnor is located in a good market for 5+ unit multifamily loans. Multifamily loans in Radnor are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Radnor are competitive. Radnor apartments may be eligible for non-recourse multifamily loans up to 80% and other favorable terms like long term fixed rates and interest only payment options. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Radnor.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Radnor are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 6.99% - 7.23% |
| 7 Year Fixed | 6.68% - 6.92% |
| 10 Year Fixed | 6.64% - 6.88% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 6.10% - 6.20% |
| 7 Year Fixed | 6.11% - 6.21% |
| 10 Year Fixed | 6.04% - 6.34% |
All major multifamily lender types are lending in Radnor.
The city of Radnor in Delaware County has a population of 31,820. The median rent in Delaware County for a 2 bedroom is $1,358. The median Radnor resident is 29 years old with a yearly income of $29,439. The average family has 3.21 members and a median household income of $127,161. Radnor has a 76% higher education rate. The unemployment rate in Radnor is 5.6%.
34.2% of Radnor households are renters.
26.9% median household income spent on rent.
Bedrooms |
Delaware County 1 |
Pennsylvania 2 |
National 2 |
|---|---|---|---|
| Studio | $970 | $680 | $737 |
| 1 bedroom | $1,121 | $747 | $813 |
| 2 bedroom | $1,358 | $929 | $1,015 |
| 3 bedroom | $1,689 | $1,198 | $1,325 |
| 4 bedroom | $1,935 | $1,330 | $1,521 |
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